Quote:
Originally Posted by Hugh
And not forgetting, if it's a US company doing the LBO (even of a UK company), there's a huge tax benefit. |
It doesn't need to be just a US company, interest payments are a cost which reduce a company's profits upon which corporation tax is paid (or not).
---------- Post added at 13:12 ---------- Previous post was at 13:10 ----------
Quote:
Originally Posted by heero_yuy
This is despite having taken government (our) money to bolster up jobs.
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If they took it in poor faith then I think that criticism might be justifiable, but there's nothing to suggest they did.